- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025
The core material is a low strength material that has higher thickness. It provides the sandwich composite with high bending stiffness with overall low density. The sandwich consists of three layers-the face skin laminate, the core material, and the back-skin laminate. Introduction of a core in a laminate increases the section modulus, resulting in a significant increase in strength, stiffness, and the ability to create lightweight structures. There are a number of core materials available, which includes polyurethane foam, polyvinyl chloride (PVC) foam, polymethacrylimide (PMI), polystyrene foams, honeycomb core, wood core, balsa, and others.
Core materials are used in many industries due to their excellent physical properties and resistance to high temperature and moisture. Foam is expected to be the fastest growing core material type due to its toughness, elongation properties, higher heat, solvent, and moisture resistance while keeping the composite structure lightweight. PVC foam does not get brittle at cold temperature and can be used in cryogenic applications too. Foam as a core material finds its application in the marine, surface transport, wind energy, and aerospace industries.
China, India, Indonesia, and other Asian countries are emerging as major wind turbine manufacturers that fuel the consumption of foam core, thereby driving the core materials market for composites at a significant pace. Increase in the production of aircraft and growth in the space industry is the key factor that drives the honeycomb core material. According to the Boeing Company and Airbus Group, it is expected that 1,686 units of aircraft will be delivered worldwide by 2025, which is expected to propel the market growth.
The market is segmented on the basis of type, end-use industry, and geography. Based on type, the market is classified into foam, honeycomb, and balsa. Based on end-use industry the market is divided into aerospace, wind energy, marine, transportation, construction, and others. The geographic breakdown and deep analysis of each of the aforesaid segments have been covered for North America, Europe, Asia-Pacific, and LAMEA.
The top players in the global core materials market are Diab Group (Ratos), Industries AG, Gurit Holding AG, 3A Composites, Hexcel Corporation, Armacell International S.A., Changzhou Tiansheng New Materials Co. Ltd, The Gill Corporation, Euro-Composites S.A., and Plascore Incorporated.
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